BBVA agreed to adjust the remuneration for the takeover offer (OPA) of Sabadell for the shareholders of this enterprise, taking into account the payment of dividends made this Tuesday by the bank of Catalan origin, as well as the remuneration to shareholders that will be paid by the bank under the chairmanship of Carlos Torres on October 10, in order to maintain the economic conditions of the offer after dividend payments by both companies.
In particular, in accordance with the provisions of the previous offer announcement and due to the interim dividend for the financial year 2024 of 0.08 euros per share paid by Banco Sabadell to its shareholders this Tuesday, BBVA is proceeding to adjust the offer consideration at the rate of one newly issued BBVA common share for every 5.0196 shares of Banco Sabadell common stock..
Similarly, the entity agreed to adjust, as at 10 October, the consideration offered in the takeover bid following the payment of dividends which On the same day, BBVA will pay €0.29 per share.. The consideration will therefore be one newly issued ordinary share of BBVA and €0.29 in cash for every 5.0196 ordinary shares of Banco Sabadell.
These adjustments, provided for in the previous announcement of May 9, 2024, are intended to maintain the equivalence of the economic conditions of the offer after the payment of dividends by both companies, explains BBVA to the National Securities Market Commission (CNMV).
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